Detroit Papers' Rehiring Policy Angers Unions
Date: 20 February 1997
By Iver Peterson
Iver Peterson
Six labor unions that recently ended 19-month strike against Detroit News and Detroit Free Press are angered by newspapers' rehiring policies, in which strikers will get old jobs back, but only as vacancies occur; both newspapers have published with replacement workers since strike began in July 1995; photo (M)
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Time Warner Planning to Sell Stake in Legal Publisher
Date: 20 February 1997
By Geraldine Fabrikant
Geraldine Fabrikant
Time Warner says it will sell its stake in American Lawyer Media, parent of American Lawyer trade paper, but will keep its interest in Court TV; Steven Brill will leave paper and cable channel he founded; Time Warner and Brill together own American Lawyer Media, which in turn has option to buy 20 percent of Court TV from Time Warner; Court TV is owned equally by Time Warner, NBC and Liberty Media; Brill sought to put together group, including NBC, to buy Time Warner's stake in Court TV and American Lawyer Media and combine two operations; that plan was reportedly thwarted by Ted Turner, who oversees Time Warner cable programming, and is said to be concerned about NBC's increased ownership of rival cable service to Time Warner's Cable Network News (M)
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STRAWBERRIES AUDIO AND VIDEO CHAIN IN CHAPTER 11
Date: 20 February 1997
By Bloomberg News
Bloomberg News
Strawberries Inc files for Chapter 11 (S)
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SOROS GROUP DROPS PLAN TO NOMINATE WMX CANDIDATES
Date: 21 February 1997
By Bloomberg News
Bloomberg News
Investment group that includes investor George Soros says it will not proceed with plan to nominate a slate of four candidates to board of WMX Technologies Inc (S)
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MEDEVA TO CLOSE CALIFORNIA PLANT AND LAY OFF 600
Date: 20 February 1997
By Bloomberg News
Bloomberg News
Medeva PLC says it will close its International Medication Systems unit outside Los Angeles and dismiss most of the unit's 600 employees (S)
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BRITISH PAPER COMPANY TO BUY UNIT OF AMERICAN FILTRONA
Date: 21 February 1997
By Bloomberg News
Bloomberg News
Bunzl PLC agrees to buy bonded fiber businesses of American Filtrona Corp for $72.5 million; Bunzl is buying the unit from WBT Holdings LLC, which agreed to buy American Filtrona for about $172 million on Feb 10 (S)
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PRIDE PETROLEUM TO BUY 12 RIGS FROM NOBLE DRILLING
Date: 21 February 1997
By Bloomberg News
Bloomberg News
Pride Petroleum Services Inc agrees to pay Noble Drilling Corp $265 million for 12 drilling rigs and one rig hull; Noble says it wants to sell mat-supported jackup rigs, which are used to drill oil and gas wells, as part of a plan to focus on equipment that will drill in deeper waters (S)
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PAIRGAIN TO BUY AVIDIA TO BROADEN NETWORKING LINE
Date: 20 February 1997
By Bloomberg News
Bloomberg News
Pairgain Technologies Inc says it will buy Avidia Systems Inc for $94 million in stock, to help broaden its line of networking equipment (S)
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CAMPBELL SOUP TO BUY BACK 2% OF ITS SHARES EACH YEAR
Date: 20 February 1997
By Bloomberg News
Bloomberg News
Campbell Soup Co sets long-term goal of buying 2 percent of its shares outstanding each year, following up on buyback program company announced last year (S)
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PLACER DOME CANCELS BID TO TAKE OVER BRE-X MINERALS
Date: 21 February 1997
By Bloomberg News
Bloomberg News
Placer Dome Inc cancels takeover bid, valued at $6.74 billion (Canadian), or $5 billion (US), for Bre-X Minerals Ltd (S)
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